Chapter 3, Problem 3.21E

Define R&D according to U.S. GAAP.

How does IFRS differ from current U.S. GAAP with respect to accounting for impairments?

Based on Appendix 12B) How does IFRS differ from current U.S. GAAP in accounting for other-thantemporary impairments?

Name and detail 3 types of differences that exist between IFRS and U.S. GAAP.

How does Recognition Criteria answer the two questions 1) when should an event be recorded? AND 2) at what amount should it be recorded? Explain/provide an example for each question. (CANADIAN GAAP)

Discuss the primary differences between U.S. GAAP and IFRS with respect to accounting for postretirement benefit plans.